- Posted by: admin
- Category: Blockchain
No one wants to lose their investment money and if you are one of them then this is the article for you. In this article you will come to know about what is blockchain wallet and how we can use it. Blockchain wallets are like a normal digital wallet in which you can keep your stocks, crypto currency, stock penies et cetera. It will keep your every invested money safe and secure so that no one can steal it from you without even letting you know.
You cannot buy it from the physical market as you need to use online services for it. Also on the other hand there are many service providers those who can help you in getting your wallet but make sure to compare those wallet because there are different types that you need to know about. Different Wallets consist of different security level and also prices are dependent on it.
Every wallet is secured with login credentials that you need to enter if you want to access your money as or your investment. It is like a software which you cannot touch with physical hand but you can access it right on your device whether it is a system or a mobile phone. You can use that wallet to buy or sell any of your digital currency or assets. Like if you are in the exchange of bitcoin or any other currency then for that you can use block chain wallet.
It might be little bit tricky for many people those who aren’t aware about a digital wallet but they should be aware about one thing that it is unlike any pocket wallet because you cannot keep it under your pocket as it will be kept in your device which can be accessed by only services. You can also go for the off-line wallets which will help you a lot as off-line wallets doesn’t require internet connection but at the time of buying or selling you need to get connected with the internet.
Keys plays major role in wallets
In order to do a transaction why you are blocked in wallet there will be only one thing required which is a key. It is not a physical key as you can call it a public or private key. Publicly can be shared with anyone with whom you want to do a transaction but on the other hand private key should be remain with you unless and until you want to lose all of your money. With the help of the key you can easily use the transaction for your money.
Call me to do is provide the public key to the receptor or we can say receiver and he or she will enter the public key and you will provide approval for that until the transaction will be not be going to be successful. Everything is encrypt it which means there is no need to worry about anything at all in terms of transaction or background process.
Types of wallets
There are different types of wallets you can go for but it might confuse which is why we are going to be discuss about the top most wallets which can easily help you in many ways. You can easily download the wallet on your device start using it anywhere you want to. Following are some of the wallets for you to consider in mind:
- Software wallets. The software wallets that you can easily download it on your desktop or mobile. It can only be accessed online and you can easily store your assets in it and the best part about the wallet is that you can easily make a transaction of buying or selling any acid if you want to and earn profit from anywhere in the world.
- Hardware wallets. it is also called as open wallets and it is like a USB drive in which you can store your private keys. In order to use it you need to connected hardware to your device and only then you can use it and also there is no internet connection required. You can enable the internet but for that you need to enter the pin and confirm it otherwise it will be stored off-line.
- Paper wallets. in this the keys are been generating using a software itself only but the twisting point is that you need to print them on a paper in order to make a transaction successful. You need to print them on paper at a time of buying or selling the funds.